Tyvak

Terran Orbital’s Milani Satellite Delivered to the European Space Agency for Hera Mission

Retrieved on: 
Tuesday, March 19, 2024

Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP ) and a leading European nano and microsatellite manufacturer based in Torino, Italy, today announced that they have completed the formal delivery of the Hera Milani satellite to the European Space Agency.

Key Points: 
  • Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP ) and a leading European nano and microsatellite manufacturer based in Torino, Italy, today announced that they have completed the formal delivery of the Hera Milani satellite to the European Space Agency.
  • View the full release here: https://www.businesswire.com/news/home/20240319935884/en/
    Ian Carnelli, Hera’s Project Manager for the European Space Agency attended the delivery event together with the Italian Space Agency, the Milani development team, and numerous local and international dignitaries.
  • Hera Milani is a nanosatellite funded by Italy and developed by Tyvak International for the European Space Agency, devoted to the visual inspection and dust detection of the Didymos asteroid following DART impact.
  • We are eager to see the spacecraft in action and help us unveil the many mysteries around the Didymos asteroid system.”
    The Italian Space Agency and European Space Agency decided to dedicate the Mission to Prof. Andrea Milani, who passed away in 2018.

Group of Concerned Co-Founders and Investors in Terran Orbital Send Letter to Board Outlining Immediate Actions Required to Protect and Maximize Stockholder Value

Retrieved on: 
Thursday, October 12, 2023

Commence a comprehensive strategic review process and retain outside financial and legal advisors to evaluate all strategic alternatives and opportunities available to maximize stockholder value.

Key Points: 
  • Commence a comprehensive strategic review process and retain outside financial and legal advisors to evaluate all strategic alternatives and opportunities available to maximize stockholder value.
  • We write to you as aligned, long-term stockholders and experienced Aerospace & Defense investors seeking a constructive dialogue to protect and maximize the material value we believe is embedded within Terran.
  • We believe that Terran has several potential strategic opportunities available to maximize value for stockholders and other stakeholders.
  • We are highly confident that doing so will maximize long-term value for Terran and is in the best interests of the Company’s stockholders, employees, and customers.

Terran Orbital Receives Milestone Payment for 300 Spacecraft, $2.4 Billion Contract with Rivada Space Networks

Retrieved on: 
Thursday, April 27, 2023

Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions, today announced the receipt of a further milestone payment alongside completion of the screening of the industrial partners as well as trade studies that will support the acquisition process and system engineering for the Company’s 300 spacecraft, $2.4 billion contract with Rivada Space Networks.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions, today announced the receipt of a further milestone payment alongside completion of the screening of the industrial partners as well as trade studies that will support the acquisition process and system engineering for the Company’s 300 spacecraft, $2.4 billion contract with Rivada Space Networks.
  • View the full release here: https://www.businesswire.com/news/home/20230427005223/en/
    Terran Orbital Receives Milestone Payment for 300 Spacecraft, $2.4 Billion Contract with Rivada Space Networks (Image Credit: Rivada)
    Terran Orbital, through its wholly owned subsidiary Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), will design, build, and deploy 288 low-Earth orbit satellites and 12 “spare” satellites to produce a total of 300 spacecraft weighing approximately 500 kg a piece.
  • Terran Orbital will also integrate the communication payload and perform the final satellite assembly, integration, and test.
  • “Working with Rivada has been a pleasure,” said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell.

Global Nanosatellite and Microsatellite Market Report 2022: Sector to Reach $10.52 Billion by 2030 at a CAGR of 18.3%

Retrieved on: 
Tuesday, April 4, 2023

Nanosatellites and microsatellites are small artificial satellites that weigh between 1 to 10 kg and 10 to 100 kg, respectively.

Key Points: 
  • Nanosatellites and microsatellites are small artificial satellites that weigh between 1 to 10 kg and 10 to 100 kg, respectively.
  • For example, they can be used to identify suitable land for cultivation and to forecast accurate weather conditions.
  • Satellites are also used for communication purposes, providing better connectivity with low earth orbit satellites to remote and inaccessible regions.
  • NASA and other private space agencies are launching more nanosatellite and microsatellite missions to meet the growing demand.

Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks

Retrieved on: 
Wednesday, February 22, 2023

Terran Orbital Corporation (NYSE: LLAP ), (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions, today announced its wholly-owned subsidiary, Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), has been awarded a $2.4 billion contract to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP ), (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions, today announced its wholly-owned subsidiary, Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), has been awarded a $2.4 billion contract to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks.
  • As part of the contract, Terran Orbital will also develop 12 “spare” satellites to produce a total of 300 spacecraft.
  • View the full release here: https://www.businesswire.com/news/home/20230221005952/en/
    Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks (Image Credit: Rivada Space Networks)
    Rivada Space Networks is a wholly-owned subsidiary of Rivada Networks, Inc., a U.S.-based wireless technology company focused on open-access wholesale and the convergence of terrestrial and satellite communications.
  • “Terran Orbital is thrilled to form this new partnership with Rivada Space Networks,” said Marc Bell, Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital.

Terran Orbital-Developed PropCube Finds New Home at Smithsonian’s National Air and Space Museum

Retrieved on: 
Thursday, October 13, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221013005470/en/
    The Terran Orbital-developed PropCube will be on permanent display at the Smithsonian's National Air and Space Museum (Image Credit: Smithsonians National Air and Space Museum | Terran Orbital)
    PropCube is an early entry in a long line of Terran Orbital CubeSat innovations.
  • As part of Naval Research Laboratory PropCube mission, Terran Orbital designed and built four identical ionospheric research PropCubes.
  • The Earth-bound engineering test unit is the PropCube Terran Orbital donated to the museum.
  • Displaying a satellite at the Smithsonians National Air and Space Museum is a dream come true, said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell.

Rocket Lab Completes Fifth Orbit Raise For NASA’s CAPSTONE Mission to The Moon

Retrieved on: 
Thursday, June 30, 2022

Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a leading launch and space systems company, today confirmed its Photon Lunar spacecraft successfully ignited its HyperCurie engine for a fifth time, further carrying NASAs CAPSTONE satellite toward the Moon.

Key Points: 
  • Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a leading launch and space systems company, today confirmed its Photon Lunar spacecraft successfully ignited its HyperCurie engine for a fifth time, further carrying NASAs CAPSTONE satellite toward the Moon.
  • This fifth burn of the HyperCurie engine has propelled CAPSTONE and Photon deeper into space, successfully raising the spacecrafts elliptical orbit.
  • With this latest completed orbit-raising maneuver, Rocket Labs delivery of CAPSTONE to the Moon on Photon has now passed the half-way point of the missions second phase with Photon.
  • CAPSTONE will then be controlled by Advanced Space (which owns and operates CAPSTONE on behalf of NASA) to enter an elongated orbit at the Moon called a near rectilinear halo orbit.

Rocket Lab Successfully Raises Orbit a Fourth Time For NASA’s CAPSTONE Moon Mission

Retrieved on: 
Thursday, June 30, 2022

Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a leading launch and space systems company, today confirmed its Photon Lunar spacecraft has successfully brought the CAPSTONE satellite for NASA closer to the Moon with the completion of its fourth orbit raising maneuver.

Key Points: 
  • Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a leading launch and space systems company, today confirmed its Photon Lunar spacecraft has successfully brought the CAPSTONE satellite for NASA closer to the Moon with the completion of its fourth orbit raising maneuver.
  • After CAPSTONE was successfully delivered to space on Rocket Labs Electron rocket and Photon Lunar spacecraft, NASAs CubeSat remains attached to Photon as it periodically ignites its HyperCurie engine to accelerate the mission beyond Earths orbit.
  • Today, Photon successfully completed its fourth orbit raising maneuver to bring CAPSTONE closer to the Moon the second of two completed maneuvers within the same 24-hour period.
  • Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success.

Rocket Lab Successfully Launches CAPSTONE Spacecraft, Completes First Leg of Moon Mission for NASA

Retrieved on: 
Tuesday, June 28, 2022

Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a leading launch and space systems company, has successfully launched CAPSTONE, a microwave-oven-sized satellite designed to test a new orbit around the Moon for NASA.

Key Points: 
  • Rocket Lab USA, Inc. (Nasdaq: RKLB) (Rocket Lab or the Company), a leading launch and space systems company, has successfully launched CAPSTONE, a microwave-oven-sized satellite designed to test a new orbit around the Moon for NASA.
  • View the full release here: https://www.businesswire.com/news/home/20220628005710/en/
    Rocket Lab's Electron launch vehicle lifts-off from Launch Complex 1 for the CAPSTONE mission to the Moon for NASA (Photo: Business Wire)
    CAPSTONE was launched at 09:55 UTC, June 28 on an Electron rocket from Rocket Lab Launch Complex 1 in Mahia, New Zealand.
  • While CAPSTONEs journey to the Moon has only just begun, were proud to have safely delivered CAPSTONE to space.
  • Rocket Labs Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus.

CAPSTONE Launches to Test New Orbit for NASA's Artemis Moon Missions

Retrieved on: 
Tuesday, June 28, 2022

"We're thrilled with a successful start to the mission and looking forward to what CAPSTONE will do once it arrives at the Moon."

Key Points: 
  • "We're thrilled with a successful start to the mission and looking forward to what CAPSTONE will do once it arrives at the Moon."
  • CAPSTONE is currently in low-Earth orbit, and it will take the spacecraft about four months to reach its targeted lunar orbit.
  • CAPSTONE is attached to Rocket Lab's Lunar Photon, an interplanetary third stage that will send CAPSTONE on its way to deep space.
  • At the Moon, CAPSTONE will enter an elongated orbit called a near rectilinear halo orbit, or NRHO.